Tech stocks pull Wall Street
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Wall Street is looking to Amazon with high hopes after a rough week in tech, as silver plunges again and bitcoin drops toward $70,000.
SaaS companies took major hits: Microsoft closed down 2.87%, SAP was down 3.29% this morning on the German market, Salesforce lost 6.85% yesterday and was further down in overnight trading, ServiceNow was down 6.97% yesterday and was marginally lower overnight, also.
Shares have retreated in Asia on heavy selling of technology stocks, while the price of bitcoin fell as much as 8%
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It might be hard for investors to feel upbeat while tech stocks are tumbling. But that's exactly how some experts are reacting to the rout.
By Patturaja Murugaboopathy Feb 5 (Reuters) - Global ex-U.S. equity funds are attracting strong inflows as investors shift away from high-valuation U.S. tech stocks toward more diversified, lower-valued markets abroad,
Investors see weak ROI ahead as they also see AI adoption so pervasive that it makes whole business models obsolete. Both can’t be true, BofA says.
This company is proving that you can win in insurance with a better customer experience.
Momentum and valuation grades are given on a scale from A+ to F. An A+ momentum grade represents the highest flyer stock with the best momentum, while an A+ valuation grade indicates the most undervalued or “cheapest” stock. A lower valuation grade suggests the stock may be more overvalued relative to its peers.